New Delhi [India], July 9 (ANI): The Society of Indian Defence Manufacturers (SIDM) today hailed the remarkable growth in India’s defence production and exports, as announced by Prime Minister Narendra Modi on July 5, 2024. With domestic defence production surging to a record-breaking Rs 1.27 lakh crore in FY 2023-24, marking a 16.7 per cent increase over the previous year and a staggering 60 per cent growth compared to 2019-20, India has solidified its position as a rising global defence powerhouse. Simultaneously, defence exports have soared to an unprecedented Rs 21083 crore, marking a near…